Possible Bearish UK Market

TVC:UKX   UK 100 Index
Last post: May 17th. See chart.

Review: Price was trying to make new all-time highs.

Update: The market has reversed since then and has now broken below a major support area .

Conclusion: We need to see if price will remain below the support area then we can look for shorting opportunities.

Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!

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Seems to be the case, could you share a high level trading plan i.e. on what basis would you enter i,e, pattern
and entry and exit points (visual on chart would be good)
Sublime_Trading virtualtechie11
Hello @virtualtechie11, If you drop us a DM with your email address, we can then send you details on joining our private trading community where you get full access to our high level trading plan as well as our training academy, trading tools, private forum, scanned weekly video and live training days. As I am sure you can appreciate, we have members who see the value in what we offer and so subscribe to our services. We can not have this information freely available on request.
Yep - that spells trouble!
Sublime_Trading Captain_Walker
Hello @Captain_Walker, As traders, I don't think it really spells trouble. We have the advantage of going long as well as short. From past bearish periods, we have accumulated excellent profit in a much shorter period of time entering, holding and compounding multiple short trades. The key here is to wait for the market to dictate if we are in a bull or a bear market. For now, we simply need to stand aside and focus on better looking markets such as PALLADIUM which I know we have been talking about on our PALLADIUM post. We have long positions running. The GBPNZD is also looking good and we have short positions running.
Captain_Walker Sublime_Trading
@Sublime_Trading, LOL! Like yeaahh.. nice trouble.
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